Vanguard Personalized Indexing Management LLC Purchases 1,634 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Vanguard Personalized Indexing Management LLC boosted its position in ANSYS, Inc. (NASDAQ:ANSS) by 20.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,548 shares of the software maker’s stock after purchasing an additional 1,634 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in ANSYS were worth $3,070,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Treasurer of the State of North Carolina raised its holdings in ANSYS by 11.1% in the 4th quarter. Treasurer of the State of North Carolina now owns 50,703 shares of the software maker’s stock valued at $18,399,000 after buying an additional 5,055 shares during the last quarter. Evoke Wealth LLC acquired a new position in ANSYS in the 4th quarter valued at approximately $3,032,000. Sei Investments Co. raised its stake in shares of ANSYS by 18.6% during the fourth quarter. Sei Investments Co. now owns 423,106 shares of the software maker’s stock valued at $153,537,000 after acquiring an additional 66,338 shares during the last quarter. Thematics Asset Management lifted its holdings in shares of ANSYS by 25.0% during the fourth quarter. Thematics Asset Management now owns 90,898 shares of the software maker’s stock worth $32,985,000 after purchasing an additional 18,173 shares during the period. Finally, Icon Wealth Advisors LLC bought a new stake in shares of ANSYS in the fourth quarter worth $982,000. 92.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ANSS has been the subject of several analyst reports. StockNews.com assumed coverage on ANSYS in a research report on Saturday, September 14th. They set a “hold” rating for the company. Rosenblatt Securities lowered their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. Finally, KeyCorp began coverage on ANSYS in a research note on Thursday, June 27th. They issued a “sector weight” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $318.33.

ANSYS Stock Up 2.8 %

Shares of ANSYS stock opened at $322.29 on Friday. The stock’s 50-day moving average is $315.90 and its 200 day moving average is $325.26. ANSYS, Inc. has a one year low of $258.01 and a one year high of $364.31. The firm has a market cap of $28.14 billion, a price-to-earnings ratio of 64.72, a PEG ratio of 6.80 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.95.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.58. The firm had revenue of $594.14 million for the quarter, compared to analysts’ expectations of $550.30 million. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The company’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.06 EPS. Equities research analysts anticipate that ANSYS, Inc. will post 7.32 EPS for the current year.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 159 shares of the company’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $330.81, for a total transaction of $52,598.79. Following the transaction, the director now owns 3,782 shares in the company, valued at $1,251,123.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.46% of the company’s stock.

ANSYS Company Profile

ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.